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AIRRvsPAVEETF Comparison
First Trust RBA American Industrial Renaissance ETF
First Trust RBA American Industrial Renaissance ETF (AIRR) and Global X U.S. Infrastructure Development ETF (PAVE) belong to the same industry segment: Infrastructure. AIRR's top 3 sector exposures are Industrials, Financials and Consumer Discretionary. In contrast, PAVE's top sector exposures are Industrials, Materials and Utilities. AIRR is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.47% for PAVE. AIRR is up 14.2% year-to-date (YTD) with +$950M in YTD flows. PAVE performs worse with 8.76% YTD performance, and +$1.05B in YTD flows. Run a side-by-side ETF comparison of AIRR and PAVE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
AIRR vs PAVE performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AIRR PAVE | -6.71%-6.58% | +8.72%+5.17% | +14.20%+8.76% | +64.95%+38.54% | +143.06%+92.66% | +172.33%+119.98% |
| Flows | AIRR PAVE | +$372M+$565M | +$1.12B+$1.31B | +$950M+$1.05B | +$2.84B+$1.28B | +$5.80B+$3.60B | +$5.92B+$5.55B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AIRR PAVE | +26.75%+19.64% | +27.54%+22.57% | +25.12%+20.32% | +24.81%+21.77% |
| Max drawdown | AIRR PAVE | -9.41%-7.29% | -13.85%-14.24% | -27.84%-26.27% | -27.84%-26.27% |
| Max drawdown duration | AIRR PAVE | 17d17d | 38d37d | 239d239d | 239d239d |
AIRR | PAVE | |
Last sale 3/12/2026 at 3:18 PM | $109.00 | $50.70 |
| Previous close 03/11/2026 | $112.24 | $51.98 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
AIRR | PAVE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
AIRR | PAVE | |
|---|---|---|
| Last price | $109.00 | $50.70 |
| 1D performance | -2.89% | -2.46% |
| AuM | $8.38 B | $11.86 B |
| E/R | 0.7% | 0.47% |
AIRR | PAVE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Global X |
| Benchmark | Richard Bernstein Advisors American Industrial Renaissance Index | Indxx U.S. Infrastructure Development Index |
| N° of holdings | 49 | 91 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 10, 2014 | March 6, 2017 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the AIRR and PAVE ETFs performed in 2026?
As of March 11, 2026, AIRR is up 14.2% year-to-date (YTD), while PAVE has returned 8.76%. That puts AIRR better performer ahead so far this year.
Which ETF is attracting more investor money: AIRR or PAVE?
Year-to-date, the AIRR ETF saw +$950M in flows, compared to +$1.05B for PAVE.
Which ETF is more volatile: AIRR or PAVE?
Over the past year, AIRR had a volatility of 27.54%, while PAVE experienced 22.57%.
Which ETF is bigger: AIRR or PAVE?
As of March 11, 2026, AIRR holds $8.38 B in assets under management (AUM), while PAVE manages $11.86 B.
What sectors do the AIRR and PAVE ETFs invest in?
AIRR leans toward sectors like Industrials and Financials. Meanwhile, PAVE focuses on Industrials and Materials.
What are the top holdings of the AIRR ETF and PAVE ETF?
AIRR top holdings include CH ROBINSON WW, STERLING INFRASTRUCTURE INC and MICHAEL STORES. PAVE holds in its top three: HOWMET AEROSPACE INC, PARKER HANNIFIN and QUANTA SERVICES.
Which ETF is more diversified: AIRR or PAVE?
AIRR holds 52 securities with 49.48% of its assets in the top 15. PAVE has 98 securities and a top 15 weight of 45.12%.
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